ICMIF member Cooperativa de Seguros Múltiples de Puerto Rico has reported historic financial results for 2025, announcing it will distribute USD 4.1 million in member bonuses to 68,962 eligible policyholders as part of its commitment to the cooperative model.

The distribution will represent a direct injection into the Puerto Rican economy, benefiting thousands of families. The bonuses are aimed at eligible motor third-party liability policyholders who maintained active policies through December 2025 and did not file claims resulting in payments between 2022 and 2024. Each bonus corresponds to 18.7% of the premium paid during 2024.

“The cooperative model sets us apart because it places people at the centre, emphasising the collective wellbeing of individuals and the community. In fulfilling our purpose, we share part of our surplus, generated through the efficiencies of our business operations, with those who have supported their cooperative over recent years. Here, the results are reinvested in Puerto Rico, in our communities and in causes that strengthen the country’s social and economic development. In this way, we reaffirm that when the cooperative grows and its surplus strengthens, that benefit returns to our people and to Puerto Rico,” said Yamil J. García Díaz (pictured), President.

The initiative reflects the organisation’s ongoing commitment to cooperative principles. “The essence of cooperativism lies in generating value and returning it to the people. At Cooperativa de Seguros Múltiples, we firmly believe in a model that places people, solidarity and collective wellbeing at the centre of every decision. That principle guides our commitment to Puerto Rico, to our communities and to those who place their trust in us,” added José A. Alvarado Roche, Chair of the Board.

Strong performance underpins distribution

The bonus distribution follows a year of solid financial performance. The cooperative closed 2025 with USD 439.5 million in written premiums, an increase of USD 12.6 million compared to 2024, representing growth of 2.94%.

The number of policies written also grew by 5.3%, helping maintain an average market share of 12.3% over the past two years. The cooperative says this reflects sustained trust in a local insurer focused on accessibility and community commitment.

“2025 was a year of major achievements for our cooperative. These results are the product of responsible management, the commitment of our workforce and, above all, the trust of our policyholders. As a cooperative, we do not answer to external interests; we answer to our people. That is why the cooperative’s growth translates into benefits that are returned directly to those who contribute to its development,” added García Díaz.

The cooperative’s financial strength was reaffirmed in 2025, with an A- (Excellent) rating from AM Best, whose outlook improved from stable to positive, alongside an “A, Exceptional” rating from Demotech, Inc.. The organisation reported capital exceeding USD 410 million and admitted assets of more than USD 950 million.

Ongoing social commitment

Beyond insurance, the cooperative continues to invest more than USD 1 million annually in social programmes, partnerships and donations supporting education, children and youth, arts and culture, and sport.

Initiatives include speech, poetry and art competitions, as well as partnerships with organisations such as Special Olympics Puerto Rico, the Puerto Rico Paralympic Committee, the José Juan Barea Foundation, Scuba Dogs Society and Para la Naturaleza (a non-profit organisation that integrates society in the conservation of natural ecosystems), among others.

“Being the only cooperative property and casualty insurer in Puerto Rico carries a great responsibility. Our commitment is to continue being a strong, innovative and people-focused organisation that protects families while also actively contributing to the country’s development. That is the true meaning of cooperativism,” concluded García Díaz.

Looking ahead, the cooperative projects sales exceeding USD 440.8 million in 2026, reaffirming its strategy of sustainable growth and continued value-sharing with its members and communities.